2021-12-31-accounts - Sutton Coldfield Baptist Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Charity Reference and Administrative		Details
Trustees Annual Report			2to5
Independent	Auditor's Report		6to8
Statement of	Financial Activities
Balance sheet			10
Statement of	Cash Flows
Notes to the	financial statements		12to 22

CHARITY REGISTRATION NUMBER	1131309
TRUSTEES	Donald Campbell (Team leader			/	Minister)
	Laurie Marshall (Elder)
	Judy Hyde (Elder)
	Mark Maybury (Elder)
	Louise Gore (Elder)	Appointed		29/04/21
	John Williams (Administrator)			Retired		31/03/21
	Mark Steel (Administrator)		Appointed			01/02/21
CUSTODIAN TRUSTEES	The buildings ofthe	charity	are	registered			with the Baptist Union
	Corporation at Didcot, Oxfordshire				as	custodian trustees.
PRINCIPAL ADDRESS	Trinity Hill
	Sutton Coldfield
	West Midlands
	B721TA
AUDITORS	Mitten Clarke Audit	Ltd
	3' Floor
	International House
	Hatherton Street
	Walsall
	West Midlands
	WS4 2LA
BANKERS	Lloyds Bank pic
	Birmingham Road
	Sutton Coldfield
	West Midlands
	B72 1QA

			Unrestricted	Restricted	2021	2020
		Notes	f	f	f	f
Income and endowments	from:
Donations and legacies			709,119	62,367	771,486	707,420
Charitable activities				46,642	46,642	28,939
Other trading activities			838			2,265
Investments			418		418	736
Total income and endowments			710,375	109,009	819,384	739,360
Expenditure on: Charitable activities			736,638	75,155	811,793	748,555
Total expenditure			736,638	75,155	811,793	748,555
Net Income/(expenditure)			(26,263)	33,854	7,591	(9,195)
Transfers between funds			1,747	(1,747)
Net movement in funds			(24,516)	32,107	7,591	(9,195)
Reconciliation offunds:
Total funds brought forward			1,094,514	275,621	1,370,135	1,379,330
Total funds carried forward			1,069,998	307,728	1,377,726	1,370,135

			2021		2020
FIXEDASSETS		Note		E		E
Tangible assets		11		1,129,385		1,182,495
CURRENT ASSETS
Debtors		12	64,143		47,041
Cash at bank and	in hand	13	188,060		145,260
			252,203		192,301
CREDITORS:
amounts falling due within one year		14	3,862		4,661
NET CURRENT ASSETS				248,341		187,640
NET ASSETS				1,377,726		1,370,135
CHARITY FUNDS
Restricted funds		16		307,728		275,621
Unrestricted funds		17		1,069,998		1,094,514
TOTAL CHARITY FUNDS				1,377,726		1,370,135

				2021	2020
			Note	E	f
Cash flow from operating		activities	19	42,800	26,415
Cash flow from investing		activities
Payments to acquire fixed		assets
Net increase/(decrease)	in cash			42,800	26,415
equivalents
Cash and cash equivalents		bought forward		145,260	118,845
Cash and cash equivalents		carried forward		188,060	145,260
Cash and cash equivalents		consist of:
Cash at bank and in hand			13	188,060	145,260

extension/refurbishment work (f30	extension/refurbishment work (f30	0,0002007/0	8) over a 50year period.
Depreciation on other fixed assets		is calculated	to write off the cost on a straight-line	basis over their
expected useful life, at the	following	rates:
Refurbishment of worship	building
Furniture and fittings
Computer equipment
Community bus

	Unrestricted	Restricted	2021	2020
	f	E	E	E
Offerings	528,179		528,179	490,781
Tax refunds	117,999		117,999	105,738
Donations	57,881	50,037	107,918	89,665
Fees	5,060		5,060	6,355
Special offering		12,330	12,330	14,881
	709,119	62,367	771,486	707,420

NCOIVIE FROM CHARITABLE A	CTIVITIES
	Unrestricted	Restricted	2021	2020
	E	f	E	f
Organisations		8,056	8,056	7,503
Second Thoughts		38,586	38,586	19,200
JRS Grant				2,236
		46,642	46,642	28,939

NCOME FROIVI OTHER TRADING AC	TIVITIES
	Unrestricted	Restricted	2021		2020
	E	E	E		E
Sundry income and refunds					1,358
Solar energy	838			838	907
	838			838	2,265

INCOME FROM INVESTMENTS
Unrestricted f		Restricted f	2021 f		2020 f
Deposit interest Loan interest received	297 321			297 321		295 441
	618			618		736
In 2020, investment income was all attributable	to unrestricted	funds.

ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES	ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
	Unrestricted f	Restricted f	2021 f	2020 f
Facilities	97,593		97,593	78,021
Mission	146,354		146,354	138,288
Children 8 Young People Employment Costs (inc volunteers) Sundry Expenses Vehicles	6,795 334,462 34,106	15,560	6,795 334,462 49,666	9,651 327,468 23,174 2,886
Organisations Support Costs	117,328	23,882 35,713	23,882 153,041	23,477 145,590
	736,638	75,155	811,793	748,555

NALYSIS OF S	UPPO	RT COSTS
			Unrestricted	Restricted	2021	2020
			f	f	f	f
Administration			31,905		31,905	32,137
Administrative	staff		61,774		61,774	56,156
Depreciation Governance:	Audit	fee	17,397 3,450	35,713	53,110 3,450	53,525 3,330
	Bank	chgs	1,206		1,206	442
	Legal	fees	1,596		1,596
			117,328	35,713	153,041	145,590

8.	ANALYSIS OF GRANTS	ANALYSIS OF GRANTS
	The largest grants	made by		the Church		during the year were as follows:
							2021	2020
							E	E
	24/7						22,500	20,100
	Agape						3,000	3,100
	Baptist Missionary	Society					16,000	16,000
	ECM						10,000	10,000
	Heart of England	Baptist	Association				28,500	28,250
	Lou Gore Jericho						6,500
	Operation Mobilisation						4,200	4,500
	Reach Across						5,000	10,500
	Sparkb rook						1,200	1,200
	Wilsons							2,500
	Wycliffe Bible Translators						10,000	11,500
	Sudan Project						1,300	1,700
							108,200	109,350
9.	NET INCOIVIE FOR	THE YEAR
							2021	2020
							E	E
	Net (expenditure)/income			for the year		is stated after
	charging:
	Auditors remuneration						3,450	3,330
	Depreciation on tangible		fixed assets				53,110	53,525
10.	STAFF COSTS AND	TRUSTEES EXPENSES
							2021	2020
							E	f
	Salaries						335,557	322,646
	Social security costs						26,357	25,144
	Pension costs						45,509	41,228
	Volunteer costs							1,351
	Staff expenses						966	548
							408,389	390,917
	The average number of		employees		during the year was:		14	14
							11FTE	11FTE

rustee, M Steel who replaced J Willia greed with the Charity Commission.	ms i	s employed as the ad	s employed as the ad	minist	rator	as o	utlined in the c	onstitution
s agreed with the Charity Commission,	the	Elders, Administrator		and	Minister	of	the Church are	designated
s Trustees and received the following	during the year:
							2021	2020
							f	f
Remuneration							82,526	76,473
Pension							19,828	15,490
ther than the Minister and Administrator,		no trustee received		any remuneration			or reimbursed
xpenses (2020: Nil).
ANGIBLE FIXEDASSETS
		Church	Furniture		S.	Community
		Premises f	Equipment f			Vehicle f		Total f
Cost
At 1"January 2021		1,390,551		86,904			45 588	1523 043
At 31"December 2021		1,390,551		86,904			45 588	1523 043
Depreciation At 1"January 2021 Charge for year		219,727 41,713		86,630			34,191 11,397	340,548 53,110
At 31"December 2021		261,440		86,630			45,588	393,658
Net Book Value
At 31"December 2021		1,129,111			274			1,129,385
At 31"December 2020		1,170,824			274		11,397	1,182,495

DEBTORS
	2021	2020
	f	f
Short term deposits for organisations Income tax recoverable	31,187 11,899	11,691 11,127
Prepayments Employee loan Other debtors	3,842 16,250 965	2,637 21,451 135
	64,143	47,041

13.	BANK AND CASH BALANCES	BANK AND CASH BALANCES
			2021	2020
			f	f
	Current account		107,095	89,510
	Deposit account Card collection accounts		76,269 4,647	50,972 4,728
	Petty cash account		50	50
			188,060	145,260
14.	CREDITORS: Amounts	falling due within one year
			2021 E	2020f
	Accruals		3,000	3,000
	Other creditors		862	1,661
			3,862	4,661

15.	OPERATING LEASE COMMITMENTS	OPERATING LEASE COMMITMENTS
	Total future minimum	lease payments under	non-cancellable	operating leases	are as follows:
			2021		2020
			Land S.	Other	Land 5	Other
			Buildings		Buildings
			f	E	E
	Within 1year Between 1-5years		6,800 5,100	8,160 20,400	6,800 11,900	8,160 28,560
			11,900	28,560	18,700	36,720
16.	RESTRICTED FUNDS
		Opening	Incoming	Resources		Closing
		Balance E	Resources E	Expended f	Transfers E	Balance f
	Glory group Organisation funds Second Thoughts Manse fund	277 3,014 8,551 39,750	17 8,056 38,586	11 7,139 16,743	(1,747)	283 2,184 30,394 39,750
	Special offerings Mission trips Building project	12,625 226 211,178	12,330	15,529 35,713		9,426 226 175,465
	Agency Renovation fund		20 50,000	20		50,000
		275,621	109,009	75,155	(1,747)	307,728

FUNDS
Opening	Incoming	Resources		Closing
Balance f	Resources f	Expended f	Transfers f	Balance f
920,170		6,000		914,170
(7,934) 102,964	650,281 852	516,318	(108,356) (15,600)	17,673 88,216
18,836	21,733	32,243	(18)	8,308
22			(22)
131			(131)
465	2,741	1,535	(654)	1,017
7,882	19,050	138,528	111,596
11,397		11,397
234	4,122	3,625	(271)	460
35,405	321	4,202	6,879	38,403
(1,139) 1,319	6,215	14,995 1,000	9,919 300	619
4,047	5,060	6,795	(1,895)	417
715				715
1,094,514	710,375	736,638	1,747	1,069,998

			Unrestricted	Designated	Restricted	Total
			Funds f	Fundsf	Fundsf	Assets f
Fixed	Assets			914,170	215,215	1,129,385
Bank	and cash	in hand	4,829	121,905	61,326	188,060
Other	current	assets/liabilities	12,844	16,250	31,187	60,281
			17,673	1,052,325	307,728	1,377,726

RECONCILIATION OF	NET	INCOIVIE TO NET CASH FLOW FROM OPERATING ACTIVITIES	INCOIVIE TO NET CASH FLOW FROM OPERATING ACTIVITIES
			2021	2020
			f	f
Net income/(expenditure)		for year	7,591	(9,195)
Depreciation oftangible		fixed assets	53,110	53,525
(Increase)/decrease	in debtors		(17,102)	(18,494)
Increase/(decrease)	in creditors		(799)	579
			42,800	26,415

		BDSDBPlan
Date ofvaluation		31December 2019
Date next valuation	due	31December 2022
Market value ofscheme assets (A)		E298m
Technical provisions	(B)	E316m
Deficit [(B)-(A)]		E18m
Funding level [(A)/	(B)]	94~/o

Type ofassumption					/o pa
RPI price inflation assumption					3.20
CPI price inflation assumption					2.70
Minimum Pensionable Income Increases		(above CPI)			0.50
Assumed investment returns
Pre-retirement assumed investment	returns		(gilt yield	plus 1.75/o pa)	2.95
Post retirement assumed investment	returns		(including	benefits matched	1.70
by the insurance policy) (gilt yield plus 0.5/o			pa)
Minimum Pensionable Income increases		(CPS plus 0.5/o)			3.20
Deferred pension increases (based on RPI)
Pre April 2009					3.20
Post April 2009					2.50
Pension increases
Based on CPI with an annual floor	of 0/o and annual			cap of5/o	2.7